Centro Bankstown

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Centro Bankstown, formerly Bankstown Square is a major regional shopping centre situated in the central business district of the City of Bankstown. It has 285 specialty stores including a number of major retail stores. Opening in 1966, the shopping centre has undergone several refurbishments and additions. The most recent work involved extension of the shopping complex to a block of land opposite Lady Cutler Ave.

In October of 2002 General Property Trust (GPT) divested its 50% interest in Centro Bankstown to Centro Properties Group. GPT received $176 million for sale of its interest in the shopping centre which it jointly owned with the Government Superannuation Office (GSO).^[1]

Major stores in the centre include:

• Myer
• Kmart
• Big W
• Target
• Woolworths
• Franklins
• Spotlight
• Best and Less
• Go-Lo
• Dick Smith Electronics
• RTA motor registry with all driver test facilities.

The centre also features two stores each of McDonalds, Gloria Jeans and Wendy's

Contents 1 Redevelopment Program 1.1 Stage I (2006-2007): Extensions, Relocations, New Malls 1.2 Stage II (2007-2008): Myer Bankstown 2 References 3 External links

[edit] Redevelopment Program

The shopping centre is currently undergoing a major "redevelopment program" in two stages which will not be completed until mid-2008.

[edit] Stage I (2006-2007): Extensions, Relocations, New Malls

In July 2006, the extension to the complex was completed adding 26,000 m² of retail space and bringing the total gross leasable area to 66,500 m²^[2]. It features a new Woolworths, the largest Big W in NSW, as well as numerous additional specialty stores. Franklins moved to the old Woolworths premises in December, 2006, and a new mall featuring twenty new stores opened in November 2007 where it was once located. The new mall connects the Grand Market fresh food area with the food court. New stores were opened (eg. Game, Bankwest), some stores closed down (eg. JB Hi-Fi, Tandy), while others relocated (eg. Best and Less) or underwent major renovations (eg. Dick Smith Electronics).

[edit] Stage II (2007-2008): Myer Bankstown

Myer will open on May 17th, 2008, on the site of the old David Jones store. David Jones pulled out of the Bankstown site after the 40-year lease of the store was up because the area does not fit their demographics, making the store unprofitable.^{[citation needed]} This is similar to the swap that happened at Westfield Burwood, but in that case David Jones replaced a Myer store. The Bankstown Myer store will stock more than the old David Jones store and will be the largest store at Bankstown at 10,150m². There will also be an extended fashion mall connected to the new Myer entrance which will open in July . Plus a new NAB branch will be located next to the RTA. In a later stage Centro will be planning to add another level (4) to its main centre

[edit] References

[edit] External links

• Centro Website
• Legislative Parliamentary Speech by Tony Stewart

• Centro Bankstown is at coordinates 33°54′58″S 151°02′18″E / -33.91603056, 151.0383611 (Centro Bankstown)Coordinates: 33°54′58″S 151°02′18″E / -33.91603056, 151.0383611 (Centro Bankstown)